Lufthansa’s freighter division faced external headwinds and rising costs that impaired its growth during the first quarter. The post Labor actions drag Lufthansa Cargo to first-quarter loss appeared first on FreightWaves.
During the quarter, Adani Wilmar’s consolidated revenue from operations declined due to the softening edible oil prices. At Rs 13,238 crore, its operating revenue was 4.6% lower than Rs 13,873 crore, reported in the year-ago period.
Engineering and design software provider PTC (NASDAQ:PTC) announced better-than-expected results in Q1 CY2024, with revenue up 11.2% year on year to $603.1 million. On the other hand, next quarter's revenue guidance of $532.5 million was less impressive, coming in 9.2% below analysts' estimates. It made a GAAP profit of $0.95 per share, improving from its profit of $0.53 per share in the same quarter last year.